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Rise Credit (formerly PayDay One) and Plain Green Loans in California

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Ok, so looks like I'm the sucker who fell into the trap again. These appear to be the same "parent" company. Are they legal in California?

It doesn't look like my original message posted. I am in California, and have loans with both of these companies. Are they legal?

Sub: #1 posted on Wed, 09/25/2013 - 07:43

Manon Williams Manon Williams

(Posts: 4 | Credits: 2.11)

rise credit,and plain green are tribal.meaning most still should pay,or make a reasonable effort to pay the principle,but know that they are both illegal.

Sub: #2 posted on Wed, 09/25/2013 - 18:04

paulmergel paulmergel
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(Posts: 15511 | Credits: 1357.03)

Payday One is a legal lender but Plain Green is an illegal lender all over the state of US. You owe both the principal and interest to your licensed lenders. As far as Plain Green is concerned, you owe them nothing more than the principal balance.

Sub: #3 posted on Wed, 09/25/2013 - 18:07


rise is not legal okay?they stated rise credit(formerly paydayone)meaning since rise is the same parent company as plain green and tribal they are stop the can't be legal while the other isn't.

Sub: #4 posted on Wed, 09/25/2013 - 18:16

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15511 | Credits: 1357.03)

Paul, I'm a little confused. PayDay One was a licensed CSO and they've since switched over to Rise Credit. Are you sure that they are illegal?

Sub: #5 posted on Mon, 09/30/2013 - 21:53

JujuNola JujuNola

(Posts: 102 | Credits: 17.38)

yes they can try to settle it since they did switch,but yes both rise and plain green are illegal as a tribal entity took it again try to settle the rise loan as they switched over and should give you the opportunity to settle as i guarantee the terms will be nothing like they were as paydayone.let me tell a tale about plain green.they used to be THINK CASH under FBD,but FBD gave up their rights to plain plain green perpetrated the myth for almost six months that they were think cash.they eventually became a sole tribal lender.rise it seems is pulling the same rise might claim to bo a CSO,but they most likely will milk any license paydayone had for awhile,but make no tribal lenders is legal,or will be legal.

Sub: #6 posted on Mon, 09/30/2013 - 22:44

paulmergel paulmergel
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(Posts: 15511 | Credits: 1357.03)

Wow! Thanks for the eye opener. Where can I find this information so that I can arm myself with this information?

I've tried Googling, but no such luck.

Sub: #7 posted on Tue, 10/01/2013 - 00:05

JujuNola JujuNola

(Posts: 102 | Credits: 17.38)

I guess I should clarify, I had a loan with them AFTER they became Rise Credit. Does that make a difference.

I'm actually waiting for a settlement offer to come across, because I'm DONE with these PD Loans. I'm fixing the problem that caused me to turn to them, but the balance just wasn't moving AT ALL.

Sub: #8 posted on Tue, 10/01/2013 - 00:37

JujuNola JujuNola

(Posts: 102 | Credits: 17.38)

Ok I live in California and I have just learned that the online lenders must be licensed in your state to be able to charge the high interest rates they do or to even make loans in your State if they are not licensed with that State, is that correct? I have had several loans with Plain Green and always paid on time and paid my loans off in full. I just recently heard that if I owe on a loan with them now that I should write and demand I be refunded the interest I paid over the years because they were not licensed in California or at least have them apply the interest I have paid to the loan I have now which would pay off my balance and they cant do anything about it but pay it off and refund anything over the loan payoff. Is this correct? Any help would be appreciated.

Sub: #9 posted on Tue, 10/01/2013 - 01:32


Hi Everyone,
Just to let you know Plain Green is an illegal, tribal lending entity. This means, at least in Texas, they are not allowed to lend here as you must register with the State of Texas.
Rise Credit, formerly PayDay One, is legal and licensed. Here is their license and registration for Texas:

Sub: #10 posted on Tue, 10/01/2013 - 02:20

michaeldhetrick michaeldhetrick

(Posts: 64 | Credits: 9.09)

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